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emanuell19 emanuell19
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Posts: 353
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6 years ago
If the goal of the union is to maximize member income, then
A) a wage rate will be set in the inelastic portion of the demand curve.
B) a wage rate will be set at the point at which the elasticity of demand equals 1 and marginal revenue is positive.
C) a wage rate will be set at the point at which marginal revenue equal zero.
D) the supply of labor must be inelastic.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 38 times
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byehoebyehoe
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6 years ago
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emanuell19 Author
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#2
6 years ago
Oh god, I was lost before coming here. Thanksss
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#3
6 years ago
Great, make sure you mark the topic solved, it hides it from other eyes Slight Smile
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